By now, all of you are aware that the health care exchanges open October 1st. While the rules and procedures regarding health insurance notifications generally do not fall within the realm of payroll service or taxation, I wanted to do whatever I can to help you navigate the coming changes. I would encourage you to speak with your professional Health Insurance representative for more details.
On October 1st, employers who are covered under the Fair Labor Standards Act (FLSA), will need to notify their employees about the Health Insurance Marketplace. To be covered under the FLSA you must meet any one of the following definitions of an enterprise:
A federal state or local government agency
A hospital; or an instituition primarily engaged in the care of the sick, the aged, or the mentally ill or developmentally disabled who live on the premises.
A pre-school; elementary or secondary school or institution of higher learning; or a school for mentally or physically handicapped or gifted children.
A company/organization with annual dollar volume of receipts in the amount of $500,000 or more.
Listed here are the links for sample notifications.
For employers who offer a health plan to some or all employees:
For employers who do not offer a health plan:
I am also including printed samples as well. Please feel free to contact Wade Meyer in our office if you have further questions.
Payroll Solutions, Inc